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Solar Power Home > Stimulus funds granted to California-based solar panel provider

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Stimulus funds granted to California-based solar panel provider

Posted: 2010-03-10

A California-based solar company may move its manufacturing stateside thanks to $24.7 million in federal stimulus funds.

According to a recent announcement, Solar Power, Inc. will also use the recovery zone faclity bonds to construct a Sacramento photovoltaic solar farm with capacity exceeding 10 megawatts. Together, these projects would create jobs for Sacramento County.

"Expanding our manufacturing base to California will significantly enhance our ability to meet growing demand for our solar system development expertise and our top-ranked solar panels across the U.S.," Steve Kircher, Chairman and CEO for Solar Power, Inc. said.

Solar Power, Inc. was founded in 2005 and currently produces its solar panels at a manufacturing plant in Shenzhen, China. The company installed solar electric systems on a juvenile detention center, a housing development a theatre and more.

The recovery zone facility bonds are provided through the American Recovery and Reinvestment Act signed in 2009 by the Obama administration. The act provides several federal grants and rebate programs to help make renewable energy installations more affordable for American consumers and businesses.